The Vanguard Group, Inc. recently announced the acquisition of new stake in Builders Firstsource Inc (NYSE:BLDR). The institutional investor has increased its shareholding in the Industrials company by 0.02% to 12.41 million shares with purchase of 2505.0 shares. This fresh investment now brings its stake to 10.06% valued currently at $1.66 billion. In addition, SSgA Funds Management, Inc. raised its holdings by 0.26 million to 5.05 million shares. And Geode Capital Management LLC has lifted its position by 0.28% or 5679.0 shares – to 2.02 million shares.
With over 26.87 million Builders Firstsource Inc (BLDR) shares trading Friday and a closing price of $162.51 on the day, the dollar volume was approximately $4.37 billion. The shares have shown a positive half year performance of 33.85% and its price on 12/15/23 lost nearly -3.48%. Currently, there are 138.86M common shares owned by the public and among those 120.47M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 15 analysts who have offered their price forecasts for BLDR have a consensus price objective of $168.50. The analysts have set the share’s price value over the next 12 months at a high of $200.00 and a low of $137.00. The average price target is 3.55% above its recent price level and a downside to the estimated low will see the stock lose -18.62% over that period. But an upside of 18.75% will see the stock hit the forecast high price target while median target price for the stock is $164.50.
Insiders at the company have transacted a total of 92 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 53 of these insider trades were purchases, accounting for 278,044 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 179,239 shares.
The top 3 mutual fund holders in Builders Firstsource Inc are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and Vanguard Small Cap Index Fund. Vanguard Total Stock Market ETF owns 3.91 million shares of the company’s stock, all valued at over $524.4 million. The company bought an additional 20278.0 shares recently to bring their total holdings to about 3.17% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 684.0 shares to see its total holdings expand to 3.86 million shares valued at over $517.27 million and representing 3.13% of the shares outstanding. Vanguard Small Cap Index Fund bought 6860.0 shares to bring its total holdings to over 3.22 million shares at a value of $432.44 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.61% of the shares outstanding.
Shares of Builders Firstsource Inc (NYSE: BLDR) opened at $168.00, down -$0.37 from a prior closing price of $168.37. The company’s stock has a 5-day price change of 10.03% and 25.87% over the past three months. BLDR shares are trading 150.48% year to date (YTD), with the 12-month market performance up to 140.22% higher. It has a 12-month low price of $63.52 and touched a high of $170.76 over the same period. BLDR has an average intraday trading volume of 1.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.32%, 27.82%, and 34.53% respectively.
Institutional ownership of Builders Firstsource Inc (NYSE: BLDR) shares accounts for 96.92% of the company’s 138.86M shares outstanding. Mutual fund holders own 46.33%, while other institutional holders and individual stakeholders account for 50.68% and 24.82% respectively.
It has a market capitalization of $20.05B and a beta (3y monthly) value of 2.04. The stock’s trailing 12-month PE ratio is 13.80, while the earnings-per-share (ttm) stands at $11.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.30% over the week and 3.42% over the month.
Analysts forecast that Builders Firstsource Inc (BLDR) will achieve an EPS of $Builders FirstSource, Inc. for the current quarter, $162.51 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Ballard Power Systems, Inc. while analysts give the company a high EPS estimate of $TopBuild Corp. Comparatively, EPS for the current quarter was $Bitdeer Technologies Group a year ago. Earnings per share for the fiscal year are expected to decrease by -29.09%, and -10.02% over the next financial year. EPS should shrink at an annualized rate of -12.30% over the next five years, compared to 118.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate Builders Firstsource Inc (BLDR) as a “Strong Buy” at a consensus score of 1.60. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 4 of the 15 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BLDR, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on December 06, 2023, with the firm’s price target at $128-$177.
